Tata MotorsNSE:TMCV +4.98%12 Net Margin % is 6.90% as of Mar. 2026, which is 25% above its 10-year median of 5.53. GuruFocus rates NSE:TMCV with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 1,325 Vehicles & Parts companies, Tata Motors ranks better than 65.66% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Tata Motors's Net Income for the
three
months ended in Mar. 2026 was ₹17,930 Mil. Tata Motors's Revenue for the
three
months ended in Mar. 2026 was ₹259,740 Mil. Therefore, Tata Motors's net margin for the quarter that ended in Mar. 2026 was 6.90%.
The historical rank and industry rank for Tata Motors's Net Margin % or its related term are showing as below:
NSE:TMCV'
s Net Margin % Range Over the Past 10 Years
Min: 3.63 Med: 5.53 Max: 7.43
Current: 5.24
NSE:TMCV's Net Margin % is ranked better than 65.66% of 1325
companies
in the Vehicles & Parts industry
Industry Median: 3.2
vs NSE:TMCV: 5.24
Tata Motors (NSE:TMCV) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Tata Motors Net Margin % Related Terms
Tata Motors Net Margin % Historical Data
* Premium members only.
The historical data trend for Tata Motors's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tata Motors Net Margin % Chart
Tata Motors Annual Data
Trend
Mar24
Mar25
Mar26
Net Margin %
7.43
5.53
3.63
Tata Motors Quarterly Data
Mar24
Dec24
Mar25
Dec25
Mar26
Net Margin %
0.00
7.25
6.18
3.24
6.90
NSE:TMCV vs TSLA, GM, F: Net Margin % Comparison
For the Auto Manufacturers subindustry, Tata Motors's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tata Motors Net Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors's Net Margin % distribution charts can be found below:
* The bar in red indicates where Tata Motors's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tata Motors (NSE:TMCV) has a Net Margin % of 6.90% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Tata Motors and its competitors. This is 25% above median its historical median of 5.53. Over the past decade, Tata Motors' Net Margin % has ranged from 3.63 to 7.43. According to the industry distribution chart, Tata Motors ranks #455 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 34.3%.
Is Tata Motors' Net Margin % too high?
Tata Motors' current Net Margin % of 6.90% is 25% above median its 10-year median of 5.53. Over the past 10 years, this metric has ranged from a low of 3.63 to a high of 7.43. The Vehicles & Parts industry median Net Margin % is 3.20. Tata Motors' value of 6.90% is 115.6% above this industry median. Based on the distribution chart, Tata Motors ranks #455 out of 1325 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tata Motors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Tata Motors' Net Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tata Motors ranks #455 out of 1325 companies for Net Margin %. This puts Tata Motors in the upper half of its industry. The industry median Net Margin % is 3.20. Tata Motors' value of 6.90% is 115.6% above this benchmark. Historically, Tata Motors' own Net Margin % has ranged from 3.63 to 7.43 over the past decade. While the company's 10-year median is 5.53 vs. the industry median of 3.20, Tata Motors has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.20, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tata Motors's current Net Margin % of 6.90% is 115.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Tata Motors and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Motors's current Net Margin % is 6.90%, which is 25% above median its own 10-year median of 5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Motors stock overvalued right now?
Tata Motors (NSE:TMCV) has a current Net Margin % of 6.90%. The current Net Margin % is 6.90%, which is 25% above median its 10-year median of 5.53 and 115.6% above the Vehicles & Parts industry median of 3.20. Tata Motors' overall GF Score™ is 12/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Tata Motors (NSE:TMCV), the current Net Margin % is 6.90% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated, and safer mobility solutions. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of Tata Commercial Vehicles and consists of three sub-segments: Commercial Vehicles, Corporate/ unallocable, Intrasegment. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment. Geographically, the group operates in India, South Korea, and the rest of the world. The majority of its revenue is generated in India.
12GF Score
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